CALIFORNIA INSTITUTE OF TECHNOLOGY
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$4,165,188,000
Program Services
73%
Contributions
15%
Government Grants
8%
Other
3%
Investments
2%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$3,686,750,000
Salaries & Benefits
54%
Other
25%
Offices, Occupancy & IT
11%
Grants
4%
Depreciation
3%
Fees to Service Providers
2%
Interest
2%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$358,985,000
$625,933,000
+74%
Government Grants
$323,894,000
$312,659,000
-3%
Fundraising Events
$0
$0
-
Program Services
$3,061,988,000
$3,024,617,000
-1%
Membership Dues
$0
$0
-
Investments
$57,017,000
$82,488,000
+45%
Other
$131,560,000
$119,491,000
-9%
Total Revenues
$3,933,444,000
$4,165,188,000
+6%
Expenses
2023
2024
Change
Grants
$121,916,000
$131,635,000
+8%
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,948,729,000
$1,973,489,000
+1%
Fees to Service Providers
$65,363,000
$72,115,000
+10%
Advertising & Promotion
$409,000
$366,000
-11%
Offices, Occupancy & IT
$505,849,000
$418,961,000
-17%
Interest
$62,389,000
$63,102,000
+1%
Depreciation
$95,745,000
$92,182,000
-4%
Other
$904,092,000
$934,900,000
+3%
Total Expenses
$3,704,492,000
$3,686,750,000
0%
Net income
2023
2024
Change
Net income
+$228,952,000
+$478,438,000
+109%
Functional Expenses
Summary
2023
2024
Change
Program
$3,583,832,000
$3,563,524,000
-1%
Admin
$111,800,000
$112,222,000
+0%
Fundraising
$8,860,000
$11,004,000
+24%
Total Expenses
$3,704,492,000
$3,686,750,000
0%
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